Word: richfield
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
ALASKA OIL LANDS in Kenai moose range will finally be opened for exploration. All oil leasing has been suspended by U.S. since Richfield Oil Corp. made Alaska's first big oil strike in Kenai last summer. Now Interior Secretary Seaton says U.S. authorities "are very close to agreement on additional areas" to be opened for oil search under stiffer rules for preserving wildlife...
...import curb was no surprise, since Washington last July forced oil companies east of the Rockies "voluntarily" to reduce crude oil imports to protect the market for politically powerful U.S. independent oil producers. Nevertheless, the latest pronouncement drew sharp and angry protests from such companies as the Richfield Oil Corp., which was ordered to import no more than 9,100 bbl. daily v. a recent rate of 22,000. Said a Richfield vice president: "This is ridiculous. We have no information from Washington how this allocation was arrived...
...hotels and barrooms of Anchorage, Alaska, oilmen from 25 U.S. companies waited anxiously last week for word from Washington, D.C. that would start the greatest northern land rush since the Klondike gold strike. They had swarmed to Anchorage by the score this fall after Richfield Oil Corp. made Alaska's first big oil find in the nearby Kenai national game preserve (see map). So promising was the well (900 bbl. a day) that the companies are prepared to sink $100 million into the search for more. If they are just moderately successful, they will invest another $200 million...
Conflict. When the Government in "1941 set aside 2,000,000 marshy acres of the Kenai Peninsula as a preserve for moose and other animals, no one cared because the land had no commercial value. But after Richfield's discovery, oilmen quickly filed for leases on nearly 12 million acres in and around Kenai, and close, to 5,000,000 acres farther north...
...wholly owned subsidiary, Dhofar-Cities Service Petroleum Corp., announced a second oil strike in the district of Dhofar in the sultanate of Muscat and Oman.* The two wells, on a 32,000-sq.-mi. concession held by Dhofar-Cities Service in partnership with Richfield Oil Corp., may mark the beginning of a major new Middle Eastern field...